Canadian National Railway (CNI) EBITDA Margin (2009 - 2022)
Canadian National Railway (CNI) recorded EBITDA Margin of 47.70% in the quarter ended Jun 30, 2026, down 2.09 percentage points from 49.79% a year earlier but up 1.27 percentage points from the prior quarter.
Canadian National Railway (CNI) EBITDA Margin (2009 - 2022) Analysis & Trends
On a TTM basis, Canadian National Railway's EBITDA Margin came in at 47.67% as of Jun 30, 2026, down 0.16 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 49.27%, up 1.52 percentage points from the prior year.
- Annual EBITDA Margin has a five-year change of +3.20 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, EBITDA Margin came in at 47.75% in the year ended Dec 31, 2024 (-2.25 pp), 50.00% in the year ended Dec 31, 2023 (-0.09 pp), 50.09% in the year ended Dec 31, 2022 (-0.41 pp) and 50.50% in the year ended Dec 31, 2021 (+4.43 pp).
- Quarterly EBITDA Margin has ranged from 44.42% in the quarter ended Mar 31, 2022 to 52.45% in the quarter ended Sep 30, 2022 over the past five years.
- On a year-over-year basis, EBITDA Margin rose in four of the last eight quarters, with an average year-over-year change of -0.12 percentage points.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 4.50 percentage points in the quarter ended Mar 31, 2023, against a drop of 4.55 percentage points in the quarter ended Mar 31, 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 46.43% (quarter ended Mar 31, 2026), 46.15% (quarter ended Dec 31, 2025) and 50.56% (quarter ended Sep 30, 2025).
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2022 | 52.45% |
| Jun 30, 2022 | 50.46% |
| Mar 31, 2022 | 44.42% |
| Dec 31, 2021 | 49.82% |
| Sep 30, 2021 | 50.43% |
| Jun 30, 2021 | 47.11% |
| Mar 31, 2021 | 48.97% |
| Dec 31, 2020 | 47.03% |
| Sep 30, 2020 | 51.54% |
| Jun 30, 2020 | 37.05% |
| Mar 31, 2020 | 42.52% |
| Dec 31, 2019 | 44.78% |
| Sep 30, 2019 | 51.83% |
| Jun 30, 2019 | 51.65% |
| Dec 31, 2018 | 47.22% |
| Jun 30, 2018 | 50.92% |
| Mar 31, 2018 | 42.36% |
| Dec 31, 2017 | 46.91% |
| Sep 30, 2017 | 52.62% |
| Jun 30, 2017 | 70.32% |
Canadian National Railway EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=CNI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "CNI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=CNI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();